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Friday, June 17, 2011

Below we highlight few companies whose shares are actively trading in Friday's session.

Molycorp, Inc. (NYSE: MCP) dropped more than 1% after Reuters reported that Sumitomo Corp., the company whose recent $130 million financing agreement with Molycorp is currently delayed, is having trouble finding Japanese customers for light rare earth materials. Rumors suggest clients in Japan are cautious on the group as the potential for alternative sources.

Harbin Electric (NASDAQ: HRBN) soared more than 18% after the company said that a research report that pulled its shares down by more than 50 percent on Thursday, was factually incorrect. On Thursday, a Citron Research report had raised concerns about a $750 million go-private offer by Harbin CEO Tianfu Yang. The CEO and the company reserve the right to bring legal actions against Citron Research for these erroneous allegations, Harbin said in a statement.

Tesla Motors, Inc. (NASDAQ: TSLA) rose more than 1% after San Francisco Gate reported that Roadsters are almost sold out.

A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR) plunged more than 20% after the company announced that Mr. Robert B. Leckie resigned from A-Power's Board of Directors on June 14, 2011. Mr. Leckie resigned as a result of concerns that his views on process and best practices were not necessarily shared throughout the Company, but Mr. Leckie has confirmed to the Company that his resignation was not prompted by any disagreement with A-Power on any matter relating to the Company's operations, policies, or practices

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